Prana Equities Acquires Midtown Multifamily For $10.3M

The multifamily property located at 111 E. 38th St. in Midtown, was recently sold for a total price of $10,300,000. The transaction took place on September 12, 2022. The property consists of 20 units, with a price per unit of $515,000. The total square footage of the property is 15,035, with a price per square foot of $685. The buyer of the property is Katherine Cartagena, representing Prana Equities. The seller of the property is Nakajimayo Shizuoko. The deal was facilitated by Michael Sherman from Baseline Real Estate Advisors and Josh Geller from YLG Realty.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,300,000
• Units: 20
• Price Per Unit: $515,000
• Total Square Footage: 15,035
• Price Per Square Foot: $685
• Market: Midtown

The buyer, Katherine Cartagena, represented Prana Equities in the transaction. The seller, Nakajimayo Shizuoko, successfully sold the property. The deal was facilitated by Michael Sherman from Baseline Real Estate Advisors and Josh Geller from YLG Realty.